Harvest management problem in a fractional logistic equation
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Publication:6364865
DOI10.1556/314.2021.00014arXiv2104.04082MaRDI QIDQ6364865FDOQ6364865
Authors: Melani Barrios, G. Reyero, Mabel Maria Tidball 
Publication date: 8 April 2021
Abstract: In this article, we study a fractional control problem that models the maximization of the profits obtained by exploiting a certain resource whose dynamics are governed by the fractional logistic equation. Due to the singularity of this problem, we develop different resolution techniques, both for the classical case and for the fractional case. In the last section we perform several numerical simulations to make a comparison between both cases.
Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Fractional derivatives and integrals (26A33) Fractional ordinary differential equations (34A08) Calculus of variations and optimal control; optimization (49-XX)
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